Proficio Capital Partners LLC Makes New Investment in Harley-Davidson, Inc. (NYSE:HOG)

Proficio Capital Partners LLC purchased a new position in shares of Harley-Davidson, Inc. (NYSE:HOG) in the fourth quarter, HoldingsChannel reports. The fund purchased 44,502 shares of the company’s stock, valued at approximately $1,341,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its holdings in shares of Harley-Davidson by 172.0% in the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock valued at $26,000 after buying an additional 554 shares during the period. Prospera Private Wealth LLC purchased a new position in shares of Harley-Davidson in the 3rd quarter valued at about $35,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Harley-Davidson in the 4th quarter valued at about $42,000. Global Retirement Partners LLC increased its stake in shares of Harley-Davidson by 84.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,850 shares of the company’s stock valued at $56,000 after purchasing an additional 846 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Harley-Davidson in the 3rd quarter valued at about $79,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

Insider Activity

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $25.96, for a total value of $88,264.00. Following the transaction, the insider now directly owns 23,555 shares in the company, valued at approximately $611,487.80. This represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HOG. Robert W. Baird cut their price target on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, December 31st. UBS Group cut their price target on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. StockNews.com upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Bank of America cut their price objective on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Finally, DA Davidson cut their price objective on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $33.57.

Harley-Davidson Price Performance

NYSE:HOG opened at $25.24 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. The stock has a 50 day moving average of $26.69 and a two-hundred day moving average of $31.36. The firm has a market cap of $3.14 billion, a P/E ratio of 7.58, a price-to-earnings-growth ratio of 0.38 and a beta of 1.49. Harley-Davidson, Inc. has a 12 month low of $23.81 and a 12 month high of $44.16.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. During the same period in the previous year, the business earned $0.18 earnings per share. On average, analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.18 dividend. The ex-dividend date was Friday, February 28th. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.85%. Harley-Davidson’s dividend payout ratio is 21.62%.

Harley-Davidson Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.